Shares are trading at $60.94 barely above $57.79, the 50 day moving average and which is a tad above the 200 day moving average of $59.68. The 50 day moving average went up by +5.44% whereas the 200 day average was up by +2.11%. Veeva Systems Inc. Class A shares had a trading volume of 1,011K on Tuesday. Shares saw a steep decrease in trading volume of 13.46% under the normal average daily volume.
Investors are a little more bearish on Veeva Systems Inc. Class A lately as inferred by the motion in short interest. The company recorded a rise in short interest of 3.82% between September 29, 2017 and October 13, 2017. Short shares increased from 5,344,760 to 5,548,983 over that period. Days to cover decreased 0.0 to 5.0 and the percentage of shorted shares was 0.04% on October 13.
There has been some selling insider activity on Veeva Systems Inc. Class A (NYSE:VEEV) recently. Matthew J. Wallach, President reported the sale of 24,000 shares of (VEEV). The shares were purchased at an average price of $59.42. Wallach now owns $0 of the stock according to the SEC filing. Gordon Ritter, Director sold $583,746 worth of shares at a price of $57.23 on October 11th. That brings the Director’s holdings to $20,346,410 per an SEC filing yesterday.
Ronald E. F. Codd, Director sold $114,940 worth of shares at an average price of $57.47 on Thu the 5th. Codd now owns $409,531 of stock as reported to the SEC.
The following firms have recently changed their position in VEEV. Aperio Group, LLC trimmed its holdings by selling 382 shares a decrease of 3.1% from 06/30/2017 to 09/30/2017. Aperio Group, LLC now controls 12,093 shares with a value of $682,000. The value of the position overall is down by 10.8%. Raymond James Financial Services Advisors, Inc. expanded its stake by buying 526 shares an increase of 3.2%. Raymond James Financial Services Advisors, Inc. controls 16,845 shares valued at $950,000. The total value of its holdings decreased 5.1%.
As of quarter end Cornerstone Advisors, Inc. had acquired 89 shares growing its holdings by 19.8%. The value of the investment in Veeva Systems Inc. Class A went from $28,000 to $30,000 increasing 7.1% quarter to quarter. Andra Ap-fonden bolstered its investment by buying 3,700 shares an increase of 23.3% as of 09/30/2017. Andra Ap-fonden now holds 19,600 shares worth $1,106,000. The total value of its holdings increased 13.4%.
The P/E ratio is currently 77.93 and market capitalization is 8.57B. In the latest earnings report the EPS was $0.78 and is expected to be $0.87 for the current year with 140,616,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.20 with next year’s EPS projected to be $1.01.
Veeva Systems Inc. (Veeva), launched on January 12, 2007, is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data. The Company offers solutions to areas, including the Veeva CRM family of applications for multichannel customer relationship management to enable coordinated and personalized customer engagement through multiple touch points; Veeva Vault for regulated content management and information management solutions to enable the management of content-centric processes; the Veeva Network master data management solutions for the management of customer master and product master data, and Veeva’s data and data services offerings, including Veeva OpenData for customer reference data and Veeva KOL Data for data..